Tag: non resident
CBDT urges NRIs with inoperative PAN to intimate NRI status to jurisdictional Assessing Officer Income Tax Department has issued an advisory for Non Resident Indians whose PAN are inoperative. According to the advisory, if any NRI’s PAN is still inoperative, he/she is requested to intimate his/her NRI status …
No tax on salary income earned by non-resident Indian citizens in Gulf countries – Finance Minister The Union Finance Minister has clarified that the Finance Act, 2021 hasn’t brought in any additional or new tax on hardworking Indian workers in Saudi/UAE/Oman/Qatar. It has merely incorporated general definition of …
Application for grant of certificate for determination of appropriate proportion of sum (other than Salary), payable to non-resident, chargeable in case of the recipients. MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 16th March, 2021 (INCOME-TAX) G.S.R.194(E).—In exercise …
Govt. Clarification-deeming Indian tax residency provisions as per Budget 2020 not to apply to bonafide workers abroad unless income is derived from Indian business/profession The Finance Bill, 2020 has proposed that an Indian citizen shall be deemed to be resident in India, if he is not liable …
Provisions of Tax Residency in India amended. Days of stay reduced for visiting Indian Citizens/Persons of Indian Origin. Period shortened for not ordinarily residents Modification of residency provisions Section 6 of the Income Tax Act 1961 provide for different conditions/situations in which an individual is considered to be …
Exemption non-resident from filing of ITR on royalty or FTS income on deduction of TDS Union Budget 2020 has provided for exemption to non-residents from filing of ITRs on fulfilling certain conditions. Presently, section 115A of the Act provides for the determination of tax for a non-resident whose …
Opening of Special Non-Resident Rupee Account-RBI expands the permitted uses of the SNRR Account Opening of Special Non-Resident Rupee Account Opening, holding and maintaining foreign currency accounts by a person resident in India is regulated in terms of section 9 of the Foreign Exchange Management Act, 1999 (FEMA). …
Salary accrued to non-resident for services rendered outside India not taxable and included in the total income. ABCAUS Case Law Citation:ABCAUS 3079 (2019) (07) ITAT Important Case Laws Cited/relied upon by the parties:Utanka Roy vs. DCIT & Others reported in 390 ITR 109 (Cal) The instant appeal by …
ICAI Guide on Taxation of Non-Residents updated as per Finance Act, 2018 ICAI has published the third edition (September 2018) of its guide for Taxation of Non-Residents which is revised as per law amended by the Finance Act, 2018. The guide highlights various provisions of the Income tax Act, …
Purchase and sale of securities other than shares or convertible debentures of an Indian company by a person resident outside India-RBI Reserve Bank of India RBI/2016-17/197 A.P. (DIR Series) Circular No.23 December 27, 2016 To All Category – I Authorised Dealer Banks Madam/ Sir, Purchase and sale of …
